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Why Shares of Nu Holdings Are Falling Today

·2 min read
Why Shares of Nu Holdings Are Falling Today
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Shares of the Brazilian fintech bank Nu Holdings (NYSE: NU) had fallen close to 13% as of 12:37 p.m. ET Monday for no obvious reason, but as the company prepares to report earnings results after the market closes today. Backed by Warren Buffett and his company Berkshire Hathaway, Nu is a digital bank disruptor in Latin America that first got its start by offering credit cards with no annual fees. Finance, analysts on average expect Nu to roughly break even in the quarter and report revenue of about $624 million.